On July 27, 2016, the call for tenders for association with Pemex for the Trion block marked a historic moment for the Mexican oil and gas industry. Never before has PEMEX worked as part of a consortium, and never before has it start produced oil in deepwater or ultra deepwater. “This […]

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On Wednesday May 4 in the idyllic Canadian town of Fort McMurray, nestled in the heart of Alberta’s oil sands, a forest fire spread to uncontainable proportions after a sudden change in the wind direction allowed the blaze to jump a river and encroach upon the town’s residents. With the exception of a few areas […]

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The beginning of a new era is approaching Saudi Arabia as it officially presents its “Vision 2030”, a plan for a post-oil economy. It will dedicate a whopping US$2 trillion toward a Public Investment Fund, which will be the largest sovereign wealth fund in the world and will help the country […]

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It is no surprise that the global drop in oil prices has caused the growth rate of economies around the world to slow down. Between 2014 and 2015, Mexico only grew 2.5%. The most interesting figures, however, come from a breakdown of the country’s growth rates by state. Michoacán, Tabasco, Chiapas, and Campeche, the territory’s […]

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